– MAJNOON OIL FIELD: THE BIDDERS: 1. Royal Dutch Shell (60%) – Petronas (40%) FEE BID: $1.39 PLATEAU: 1,800,000 b/d SCORE:100 2. Total (57%) – CNPC (43%) FEE BID $1.75 PLATEAU: 1,405,000 b/d SCORE: 79 Ministry Max Remuneration Fee: not revealed Majnoon contract awarded to SHELL – HALFAYA OIL FIELD: THE BIDDERS: 1. ONGC (50%) – TPAO (30%) Oil India (20%) FEE BID: $1.76 …
Tag: CNPC
Early Bonanza
There is a bonanza for international oil companies who managed to make an early entry into Iraq. Operators like BP, Eni, Exxon Mobil – and to a certain extent CNPC which managed to convert its 1997 production sharing agreement for the development of Al-Ahdab field into a service contract last year – will have first call on the limited infrastructure capacity to absorb the new crude they will start pumping…
The Rush for Oil
The Rush for Oil: Iraq’s Oil Capacity Potential and Regional Geopolitics – MEES Op-Ed Nov.9-2009
First Bid Round Revisited
Lukoil’s Vagit Alekperov said his company has now changed its mind on West Qurna -1 oil field following a detailed analysis and is now ready to follow in the footsteps of BP/CNPC and sign up to develop the field for a $1.9/bbl remuneration fee, the maximum fee the Iraqi oil ministry was willing to offer oil companies when the first licensing round bids were opened on June 30. Lukoil is…